Palantir Technologies (NASDAQ:PLTR) Insider Stephen Andrew Cohen Sells 39,136 Shares

Palantir Technologies Inc. (NASDAQ:PLTR) insider Stephen Andrew Cohen sold 39,136 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the completion of the sale, the insider owned 592 shares in the company, valued at $92,500. This represents a 98.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stephen Andrew Cohen also recently made the following trade(s):

• On Thursday, November 20th, Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65.

Palantir Technologies Stock Performance

PLTR traded up $7.40 during trading hours on Monday, reaching $162.25. The company’s stock had a trading volume of 57,599,565 shares, compared to its average volume of 64,838,592. The company’s 50-day moving average is $180.17 and its 200-day moving average is $158.83. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52. The firm has a market cap of $386.71 billion, a PE ratio of 386.32, a price-to-earnings-growth ratio of 6.00 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PLTR shares. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Mizuho lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Palantir Technologies in a report on Monday, November 17th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Institutional Investors Weigh In On Palantir Technologies

A number of large investors have recently modified their holdings of PLTR. Vanguard Group Inc. raised its holdings in Palantir Technologies by 4.0% during the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company’s stock worth $39,017,133,000 after purchasing an additional 8,168,604 shares in the last quarter. State Street Corp grew its position in shares of Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock worth $18,471,648,000 after buying an additional 6,777,771 shares in the last quarter. Norges Bank bought a new stake in Palantir Technologies during the second quarter valued at $3,307,457,000. Invesco Ltd. boosted its position in shares of Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock worth $3,976,534,000 after buying an additional 1,213,529 shares during the period. Finally, Northern Trust Corp lifted its position in Palantir Technologies by 3.8% in the third quarter. Northern Trust Corp now owns 21,088,462 shares of the company’s stock worth $3,846,957,000 after purchasing an additional 769,238 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.